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Property profile & analytics
OFF-MARKET
Retail space

2720 Washington St Wilmington, DE 19802-3536

1,533 SF 0.05 ac lot Built 1899
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US17-0010847
Property summary
AI-generated overview

This exceptional mixed-use property at 2720 N Washington Street in Wilmington, Delaware presents a unique investment opportunity. Boasting 2,636 square feet on a 0.05-acre lot, this corner property offers unparalleled visibility and accessibility. The building's versatile design allows for a seamless blend of commercial and residential use. The main floor, ideal for a variety of businesses, provides ample space for retail, a restaurant, daycare center, or other commercial ventures. The possibilities are numerous, catering to a wide range of entrepreneurial pursuits. Upstairs, the residential space comprises two bedrooms and one and a half bathrooms, providing comfortable living quarters. This space could serve as owner-occupied housing or generate additional income as a rental unit. The property's strategic location at the corner of N Washington Street offers excellent visibility and convenient access to Concord Avenue, Concord Pike, and Interstate 95, ensuring high traffic flow and easy commuting. This is a rare chance to acquire a thriving mixed-use property in a highly desirable Wilmington location, combining the benefits of business ownership with the convenience of residential living, or the potential for substantial rental income. The asking price is $175,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1899
Construction CONCRETE
Total area 1,533 SF
Lot 0.05 ac (2,178 SF)
Zoning code 26R-3
APN 26-015.40-098
UPID US17-0010847
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ali Brothers LLC · 5 yrs held
Ali Brothers LLC
since 2020
Last sale
$80,000
3 recorded transactions
2020
$80,000
2004
$100,000
1969
Price N/A
Zoning & alternative use
26R-3 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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